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July 23, 2021

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REFILE-Foxconn founder asks Taiwan to allow vaccine talks with Chinese firm

Reuters
(Corrects to delete extraneous word ‘agency’ in paragraph 6) TAIPEI, June 18 (Reuters) – Terry Gou, the billionaire founder of Taiwan’s Foxconn, asked for government permission on Friday to negotiate with a Chinese company for the purchase of BioNTech SE COVID-19 vaccines to help address the island’s shortage of shots.......

Ping An finds suitable rebound deal

Reuters
HONG KONG (Reuters Breakingviews) – Ping An Insurance may indemnify one costly deal with a better one. Not long after losing $1.5 billion in a failed property investment, the Chinese conglomerate plans to spend up to $7.9 billion to buy control of Founder Group, Peking University’s bankrupt corporate empire. A......

China’s new home prices quicken in March

Reuters
BEIJING, April 16 (Reuters) – New home prices in China rose at a faster pace in March, data showed on Friday, even as authorities have taken measures to further clamp down on property speculation. Average new home prices in 70 major cities grew 0.5% in March from a month earlier,......

Breakingviews – China’s antitrust push forces digital reinvention

Reuters
FILE PHOTO: Jack Ma, founder and executive chairman of China’s Alibaba Group, speaks in front of a picture of SoftBank’s human-like robot named ‘pepper’ during a news conference in Chiba, Japan, June 18, 2015. REUTERS/Yuya Shino/File Photo HONG KONG (Reuters Breakingviews) – What’s left for Chinese internet companies deprived of......

Asian shares defensive, dollar struggles near one-month lows

Reuters
SYDNEY (Reuters) – Asian shares were on the backfoot on Thursday following mixed cues from Wall Street where a sharp sell-off in the largest bitcoin exchange Coinbase hit tech shares while the dollar index struggled near one-month lows. FILE PHOTO: Pedestrians and a traffic light stop sign are reflected on......

South Korea aims to fight Japan’s Fukushima decision at world tribunal

Reuters
SEOUL (Reuters) – South Korea’s president ordered officials on Wednesday to explore petitioning an international court over Japan’s decision to release contaminated water from its wrecked Fukushima nuclear plant into the sea, amid protests by fisheries and environmental groups. FILE PHOTO: South Korean President Moon Jae-in speaks at the National......

China shares end higher as some IT firms pledge against anti-competition

Reuters
* SSEC 0.6%, CSI300 0.8% * HK->Shanghai Connect daily quota used 5.2%, Shanghai->HK daily quota used 0.7% * FTSE China A50 +0.5% BEIJING, April 14 (Reuters) – China shares rose on Wednesday, with IT firms leading the gains, as investors cheered internet platform companies pledging to avoid anti-competitive behaviours after......

Taiwan says its chip firms will adhere to new U.S. rules blacklisting China supercomputing entities

Reuters
TAIPEI (Reuters) – Taiwan said on Wednesday its chip companies will adhere to U.S. rules after Washington added seven Chinese supercomputing entities last week to an economic blacklist and after a Taipei-based chipmaker halted orders from one of the entities named. FILE PHOTO: Flags of Taiwan and U.S. are placed......

Chinese Internet firms pledge to avoid anti-competitive behaviors

Reuters
FILE PHOTO: A Baidu sign is seen at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, October 20, 2019. REUTERS/Aly Song/File Photo BEIJING (Reuters) – A dozen Chinese Internet platform companies pledged to avoid anti-competitive behaviors such as forcing vendors to use their platform exclusively, according to a......

Hong Kong activist Joshua Wong jailed for four months for 2019 protest

Reuters
HONG KONG (Reuters) – Joshua Wong, one of Hong Kong’s most prominent democracy activists and among 47 people charged under a national security law, was sentenced to four months in jail on Tuesday for unauthorized assembly and violating an anti-mask law. FILE PHOTO: Pro-democracy activist Joshua Wong walks to a......

China’s Ant Group to become financial holding company: central bank

Reuters
FILE PHOTO: A thermal imaging camera is seen in front of a logo of Ant Group at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song/File Photo BEIJING (Reuters) – Ant Financial, the fintech affiliate of Alibaba Group Holding Ltd,......

Breakingviews – Fine leaves sharp sword hanging over Alibaba

Reuters
FILE PHOTO: FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter HONG KONG (Reuters Breakingviews) – Alibaba is entering a long probation. A $2.8 billion fine for preventing sellers from using rival sites is a light penalty for the......

Exclusive: China’s antitrust regulator bulking up as crackdown on behemoths widens

Reuters
BEIJING/HONG KONG (Reuters) – China’s competition watchdog is adding staff and other resources as it ramps up efforts to crack down on anti-competitive behaviour, especially among the country’s powerful companies, people with knowledge of the matter told Reuters. FILE PHOTO: The logo of Alibaba Group is seen at its office......

China’s graft watchdog rebukes ‘mukbang’ binge-eating, drinking videos

Reuters
SHANGHAI (Reuters) – China’s corruption watchdog has called on online video-sharing platforms to take action against “mukbang” shows, in which people livestream themselves eating – or drinking – excessively, saying such content encourages food waste. Mukbang videos originated in South Korea and are increasingly popular in China, but they have......

China’s Alibaba hit with record $2.75 billion antitrust fine

Reuters
(Reuters) – Chinese regulators said on Saturday they have fined Alibaba Group Holding Ltd a domestic record $2.75 billion for antitrust violations, amid an unprecedented regulatory crackdown on Jack Ma’s company and other technology conglomerates. FILE PHOTO: Jack Ma, founder and executive chairman of China’s Alibaba Group, speaks in front......

China regulators fine Alibaba $2.75 billion for anti-monopoly violations

Reuters
FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter/File Photo/File Photo SHANGHAI (Reuters) -Chinese regulators have fined Alibaba 18 billion yuan ($2.75 billion) – around 4% of its revenues in 2019 – for violating anti-monopoly rules and abusing its......

U.S. issues guidelines to deepen relations with Taiwan

Reuters
WASHINGTON (Reuters) -The U.S. State Department said on Friday it had issued new guidelines that will enable U.S. officials to meet more freely with officials from Taiwan, a move that deepens U.S. relations with Taipei amid stepped up Chinese military activity around the island. FILE PHOTO: U.S. State Department spokesman......

Moldova to buy 400,000 doses of Sinovac COVID-19 vaccine

Reuters
CHISINAU, April 9 (Reuters) – Moldova will buy 400,000 doses of the Chinese Sinovac coronavirus vaccine, the health ministry said in a statement on Friday. Moldova and neighbouring Ukraine, two of Europe’s poorest countries, have lagged behind the rest of the continent in the scramble for vaccines and welcomed donations......

Chinese envoy says Iran talks to resume next week

Reuters
FILE PHOTO: The Iranian flag waves in front of the International Atomic Energy Agency (IAEA) headquarters in Vienna, Austria, March 1, 2021. REUTERS/Lisi Niesner/File Photo/File Photo VIENNA (Reuters) – China’s envoy to the Iran nuclear talks said on Friday all sides had agreed to reconvene next week to carry out......

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